Implications of e-commerce for banking and finance

The aim of the paper is to show that e-commerce holds the potential totransform banking and financial systems. There are three aspects in which e-commercecan affect banking and finance. First, banks and financial firms can use thetechnology and business practice of e-commerce to market their products to thecustomers. Second, e-commerce provides a business opportunity for banks to offernew products and services to serve the needs of e-commerce. Third, the new businessenvironment associated with e-commerce provides opportunity for institutionalinnovations in banking and finance, which can help to lay a sounder foundation forthe international financial system. The paper focuses on the second and third aspects.The second and third aspects have a precedent in the history of banking. If history canserve as a reliable guide, then it is likely that e-commerce can act as an enablingfactor to transform banking and finance in a radical manne

Research on Mode and Risk Prevention of Agricultural Supply Chain Finance based on E-commerce

The rapid development of e-commerce has a profound impact on agricultural supply chain finance (ASCF), which is of great significance to enhance the resilience of agricultural economic development, realize the poverty alleviation effect of agricultural enterprises, integrate agricultural supply chain resources and solve the financing difficulties of agricultural enterprises. We analyze the participants and functions of the ASCF mode based on e-commerce, and the contract framework of various participants when they operate in the ASCF platform in this paper. Based on the agricultural industry chain, we analyze the operation process of accounts receivable financing mode, inventory financing mode and prepayment financing mode based on E-commerce. Finally, in view of the natural risks, credit risks, logistics risks, technical risks and legal risks that may exist in ASCF based on e-commerce, the corresponding countermeasures are put forward from the aspects of dispersing natural risks, building digital credit risk assessment system, building agricultural logistics network system, improving technical risk monitoring system, and improving relevant laws and regulations policy recommendations

Implications of e-commerce for banking and finance

The aim of the paper is to show that e-commerce holds the potential to transform banking and financial systems. There are three aspects in which e-commerce can affect banking and finance. First, banks and financial firms can use the technology and business practice of e-commerce to market their products to the customers. Second, e-commerce provides a business opportunity for banks to offer new products and services to serve the needs of e-commerce. Third, the new business environment associated with e-commerce provides opportunity for institutional innovations in banking and finance, which can help to lay a sounder foundation for the international financial system. The paper focuses on the second and third aspects. The second and third aspects have a precedent in the history of banking. If history can serve as a reliable guide, then it is likely that e-commerce can act as an enabling factor to transform banking and finance in a radical mannere-commerce; banking; finance; Internet; innovation; history; modern commerce